Download ECON 3200 - Money and Banking

COURSE SYLLABUS©2016
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ECON 3200 - Money and Banking
UG 8 week courses = 4 ECTS UG 15 week courses = 6 ECTS UG Thesis = 8 ECTS
ECON 2020, ECON 2030
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COURSE DESCRIPTION
Studies the forms and functions of money, the commercial banks, the Federal Reserve system, and monetary
theory and policy used as a tool to achieve economic goals. Includes banking and other financial institutions.
LEARNING OUTCOMES
Outcome
Students understand the nature of “money”.
Students are familiar with financial
intermediation.
Expectation
Students can state both the descriptive and
functional definitions of money. The student can
also discuss the evolution of money and the
consequences for monetary control (i.e. money
supply control with a changing nature of money).
Students can discuss the role of financial
intermediation in the allocation of financial
resources within an economy. Further, they
describe the role that interest rates and other
financial returns play in the pricing and allocation
of scarce resources.
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Students can describe the primary financial
markets.
Students understand the role of a central bank in
the conduct of monetary policy.
Students can apply macro and micro theories to
the discussion of monetary policy.
They can explain the role each type of market
(e.g. equity, debt, foreign exchange) plays in the
functioning of a modern capital-based economy.
Student can describe the structure of the Federal
Reserve System (or other central bank) and its
functions.
Students can explain the relationship between
the central bank and the money supply.
Specifically, students can describe the role of the
central bank in setting monetary or interest rate
targets and how the central bank pursues these
targets.
Finally, the student can discuss the limitations of
the central bank in always achieving its stated
goals.
Students can utilize Macroeconomic Models to
demonstrate and predict the effects of monetary
policy on interest rates, inflation,
unemployment, short-term RGDP, and the value
of the exchange rate.
GRADE BREAKDOWN
A grade point average (GPA) is calculated on all graded work taken at WVPU and is recorded on the student
record. A 4 point system is used to calculate the GPA applying a grading scale of 100 percentage points.
UNDERGRADUATE
GRADING SCALE:
EVALUATION
COMPONENTS
Superior work: A = 4 pts. (93-100), A- = 3.67 pts. (90-92)
Good Work: B+ = 3.33 (87-89), B = 3.0 pts. (83-86), B- = 2.67 (80-82)
Satisfactory work: C+ = 2.33 pts (77-79) C = 2.0 pts. ( 73-76), C-: 70-72
Passing, but less than satisfactory work: D+ = 1.33 pts. (67-69), D = 1.0 pts ( 63-66)
Unsatisfactory work: F = 0.0 pts (< 63)
NOTE : Instructors can determine the components of evaluations. Below is just an example.
(Based on 100 percentage points):
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cheating, etc. or, use this section for any additional information that pertains to your course.
UNIVERSITY POLICIES
Students are required to inform themselves of WUV academic policies. A full list of these policies is available
on the WUV website: http://webster.ac.at/academic-policies
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WEEKLY SCHEDULE
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No classes are held during break week
NOTE: Semester courses continue meet after the break for a total of 15 weeks. Enter 7 additional weekly
assignments if you are teaching a semester course.
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